Many in his position would have likely laid low, but disgraced crypto entrepreneur and one-time billionaire Sam Bankman-Fried is nothing if not unusual. In another surprising twist, Bankman-Frie...
Tag: Deals
Sam Bankman-Fried tries to defend FTX collapse, apologizes (again)
Sam Bankman-Fried just wrapped up an interview with Andrew Ross Sorkin at the New York Times DealBook Summit. The Block tuned in and kept a running tally of what he had to say. Thanks for sticking wit...
Analyzing Founders Fund’s Crypto Portfolio
November 30, 2022, 4:14PM EST • 6 min read Quick Take Founders Fund is a San Francisco-based venture capital firm founded in 2005 by Peter Thiel, Luke Nosek, Sean Parker, and Ken Howery Founders Fund ...
SCB 10X opens new web3 collaborative space in Bangkok: Exclusive
SCB 10X — the venture unit within Thailand’s oldest bank group, Siam Commercial Bank (SCB) group — opened a a 10,000-square-foot web3 collaborative space in Bangkok. Called DistrictX, the ...
New CEO, New Deals, New Streaming Strategy
| AFP via Getty Images Key Takeaways In the past few weeks, previous CEO Bob Iger reclaimed his position from outgoing CEO Bob Chapek. Though the company faces declining park profitability and losses ...
FTX’s LedgerX to free up $175 million for use in bankruptcy proceedings: Bloomberg
LedgerX, FTX Group’s solvent subsidiary that also had to file for bankruptcy protection as part of the group, will make available $175 million for use in bankruptcy proceedings, Bloomberg report...
Qredo-incubated hybrid crypto exchange breaks cover: Exclusive
Ankex, a new hybrid crypto exchange incubated by DeFi infrastructure firm Qredo, announced its launch today. Qredo builds decentralized tools that help DeFi outfits with settlement, custody an...
Bankman-Fried Robinhood shares are the target of a BlockFi lawsuit
A lawsuit filed by crypto lender BlockFi demands Robinhood shares Sam Bankman-Fried is said to have pledged to the company as collateral, the Financial Times first reported. Bankman-Fried owned ...
Bankruptcy experts weigh in on next steps for FTX
Episode 118 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, Dan Besikof, a Partner at Loeb & Loeb, and Mark Shapiro, a Partner at Shearman & Sterling. L...
CoinFund’s new $300 million fund aims to capture ‘steep’ early-stage value
Episode 117 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and CoinFund Managing Partner David Pakman. Listen below, and subscribe to The Scoop on Apple, Spotif...
Justin Sun, Tron DAO line up to contribute to Binance recovery fund: Exclusive
Blockchain operator Tron DAO and Justin Sun, its billionaire founder, have applied to contribute capital to Binance’s industry recovery fund. Binance published details of the fund yesterday afte...
Top 3 Best Crypto Deals this Black Friday Event in 2022
This year’s Black Friday sales are coming up soon, so why not get something for yourself or your favorite crypto user in your life? Here are three useful Black Friday deals in 2022 regarding crypto an...
Polkadot-based protocol t3rn raises $6.5 million: Exclusive
t3rn, a Polkadot-based blockchain interoperability protocol that aims to facilitate cross-chain transactions, has raised $6.5 million in a strategic funding round. Polychain Capital led the roun...
Elon Musk criticizes Semafor report of Bankman-Fried’s Twitter shares
A spat between Elon Musk and a Sam Bankman-Fried-funded global news organization unfolded over Twitter as Musk branded Semafor’s reporting as lies. “As I said, neither I nor Twitter have taken a...
Block.one and CEO Blumer amass 17% stake in Silvergate
Block.one CEO Brendan Blumer has acquired a 9.3% stake in Silvergate with the Nov. 16 purchase of 2.9 million shares of the company’s stock, according to documents filed with the U.S. Securities...
Black Friday car deals are hard to come by even as prices soften
Newsday Llc | Newsday | Getty Images There was a time when Black Friday in the car-selling business meant a flurry of big sales events at dealerships whose lots were full of new vehicles. These days, ...
As TV prices dip 17%, Black Friday shoppers may find ‘excellent deals’
Artistgndphotography | E+ | Getty Images Televisions are among just a handful of consumer goods and services that have dropped in price in the last year — which may translate to steep discounts for sh...
7 Best Black Friday Crypto Deals For 2022; Special Offers & Discounts
It’s that time of year again. Black Friday and Cyber Monday are around the corner, which means there are a lot of offers and discounts in the market to grab. In order to help you out, we have compiled...
Cosmos-based DeFi protocol Onomy raises $10 million: Exclusive
Onomy, a Cosmos-based decentralized finance protocol, has raised $10 million in a private token funding round. The round was backed by investors including Bitfinex, GSR, Ava Labs, CMS Holdings a...
Bankman-Fried explains why FTX collapsed in new letter to employees
FTX founder Sam Bankman-Fried apologized to his former colleagues and explained why the crypto exchange failed in a new letter. The letter, sent Tuesday and reviewed by The Block, says that a se...
30 Of The Best Black Friday And Cyber Monday Travel Deals For 2023
Families can enjoy every type of vacation from resorts to urban explorations thanks to these … [+] discounted travel deals. getty Planning a trip is half the fun, and people are busy booking win...
These Are The Best Black Friday New-Car Deals On 2022 And 2023 Models
The best Black Friday deals this year come with low-interest financing as low as zero percent. getty Though the frenzied chaos of Black Friday early bird shopping has tempered somewhat in recent years...
Analyzing Pantera’s Investment Portfolio
November 22, 2022, 2:28PM EST • 26 min read Quick Take Founded in 2003 by Dan Morehead, Pantera Capital was initially a traditional hedge fund focused on global macro trends. However, the firm shifted...
Unpacking 2022’s Black Friday And Cyber Monday Deals This Holiday Season
On the busiest shopping day of the year, consumers hold out for deals following Christmas. A recent … [+] Black Friday at New York’s Macy’s Herald Square flagship was no different. G...
FTX, Bankman-Fried’s parents bought Bahamas property worth $121 million: Reuters
FTX, the now-bankrupt crypto exchange operator, its founder Sam Bankman-Fried’s parents and the firm’s senior executives bought at least 19 properties worth about $121 million in the Baham...
Ripple to acknowledge deals for FTX assets: CEO
The chief executive officer of Ripple, Brad Garlinghouse wants to purchase some portions of the bankrupt crypto exchange FTX. Sam Bankman-Fried interacted with Brad Garlingson two days prior to the c...
Binance will not invest in crypto lender Genesis: WSJ
After crypto lending firm Genesis suspended client redemptions and indicated it would seek a $1 billion emergency cash loan, major potential backer Binance said no to the investment, the Wall Street J...
Venture Round with Meltem Demirors and Vanessa Grellet
Episode 115 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro, CoinShares CSO Meltem Demirors, and Aglaé Ventures’ Managing Partner Vanessa Grellet. Listen b...